2016-03-07

A circular dated December 7, 2015 regarding issuing a definition for companies and micro, small and medium enterprises

The letter discusses the Egyptian Central Bank's interest in small and medium-sized enterprises and the role of banks in financing these companies. It mentions a 2008 initiative by the Central Bank to encourage banks to finance small and medium-sized businesses and the need for a unified definition of these companies to provide accurate data. The letter also mentions amendments to existing regulatory instructions and the need to develop specialized departments for financing small and medium-sized businesses within banks.

Egypt

Central Bank of Egypt

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